Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Rapper jailed after public street fight with another rapper
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[KH Explains] No more 'Michael' at Kakao Games
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Woman gets suspended term for injuring boyfriend with knife
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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Med schools expect 1,500+ new admission slots next year
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Samsung chief bolsters ties with Germany’s Zeiss
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KT launches new mobile plans for foreign residents
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Hen has chick without laying egg
A hen in Sri Lanka gave birth to a chick without an egg, veterinary officials said.(Photo courtesy of Manula Kumarage)Instead of being laid by the hen and incubated in the nest, the egg was incubated inside the hen for 21 days and then the chick hatched inside the mother.The chick is normally formed and healthy, veterinarians say, although the mother hen died.The government veterinary officer in t
TechnologyApril 22, 2012
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Twins charged with stock fraud
U.S. finance regulators said 21-year-old twins from Britain sold investors on a fraudulent computer program they said would make investment choices.The brothers Alexander and Thomas Hunter created a newsletter called Doubling Stocks and sold investors on a robot program called Marl, which made their investment decisions, The Financial Times reported Saturday.The Securities and Exchange Commission
April 22, 2012
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Africa said rich in underground water
The continent of Africa is sitting on a vast reservoir of groundwater in underground aquifers holding 100 times the amount found on the surface, scientists say.Researchers from the British Geological Survey and University College London have mapped the amount and potential yield of groundwater resources for the entire continent.While rivers and lakes are subject to seasonal changes that can limit
TechnologyApril 22, 2012
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Strict eating rules can up child obesity
A Swedish researcher warns parents against strict rules on what children may eat because such rules can result in less healthy eating.(MCT)Nutritionist Elisabeth Lind Melbye at the University of Stavanger in Sweden studied what worked and what didn't when parents sought to teach their offspring about healthy eating practices.The proportion of child obesity in the United States and Britain and sout
TechnologyApril 22, 2012
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Finance chief urges global efforts to curb oil prices
South Korea’s finance minister has called for greater international cooperation to control the surging price of crude oil, which can weigh down economic growth, the government said Friday.“The minister met with counterparts from China, India, Mexico and Canada, as well as the head of the World Bank, and exchanged views on what measures can be taken to deal with crude prices,” the Ministry of Strategy and Finance said in a press release in Seoul.Bahk Jae-wan is in Washington to take part in a two
April 20, 2012
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Shares fall 1.26% on weak U.S. economic data
South Korean stocks fell 1.26 percent on Friday due to disappointing U.S. job and technology sector data and eurozone concerns, analysts said. The local currency fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index dropped 25.21 points to close at 1,974.65. Trading volume was moderate at 508 million shares worth 4.74 trillion won ($4.14 billion), with losers outpacing gainers 602 to 247.“Weaker-than-expected U.S. economic data related to the labor and housing markets and
April 20, 2012
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EN Technologies aims to grow into global power equipment maker
Samsung, LG-invested tech company eyes IPO, joint venturesGoing global may not be an easy task for a small company, but EN Technologies, a Korean electric power equipment and parts developer, wants to prove that nothing is impossible for a venture tech firm like itself.“My goal, at a personal level, is to show that even a venture firm in Korea can truly become a global enterprise like U.S. companies that started out as start-ups in Silicon Valley,” CEO and founder Tay Lee said in an interview wi
IndustryApril 20, 2012
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Samsung pushes ahead with Apple patent suits
Korean company files eight more patent infringement suits in CaliforniaSamsung Electronics said Friday it filed another suit against its rival Apple Inc. at a Californian court this week, requesting that the U.S. firm stop selling the new iPad, Mac laptop and Apple TV.The Korean IT behemoth has filed eight different patent infringement cases against Apple, seen as a move taken to fight Apple’s U.S. federal lawsuit against Samsung earlier in February.The lawsuits included Samsung’s claims that A
IndustryApril 20, 2012
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Samsung Total’s entry draws mixed responses
The entry of Samsung Total Petrochemicals into the country’s retail petrol market is stirring up mixed responses, according to industry sources on Friday.Although some say it will have limited impact in the industry in the short term, it is expected to facilitate Samsung’s entry into the nation’s tightly-controlled petroleum market, currently dominated by four big industrial names ― SK, GS, Hyundai and S-Oil, the sources said.“The level of impact will be insignificant at first because of its sma
IndustryApril 20, 2012
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Korea to ban online collection of resident numbers
Companies can face fines up to 1 percent of revenue for data leaksResident registration numbers will no longer be requested by websites and companies as the government announced Friday measures for better data protection. The online sector will be first banned from collecting resident registration numbers from as early as August, followed by public organizations and private companies in phases. The Korea Communications Commission, the Ministry of Public Administration and Security and the Financ
IndustryApril 20, 2012
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First gene linked to common form of psoriasis identified
Scientists have identified the first gene directly linked to the most common form of psoriasis, a chronic skin condition. The research led by Washington University School of Medicine in St. Louis shows that rare mutations in the CARD14 gene, when activated by an environmental trigger, can lead to plaque psoriasis. This type of psoriasis accounts for 80 percent of all cases and is characterized by
TechnologyApril 20, 2012
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Apple IPhone 5 May Debut in October, Analyst Munster Says
Apple Inc.’s next iPhone is likely to be introduced in October and will feature a new body design and work with faster wireless networks, according to Gene Munster, an analyst at Piper Jaffray Cos. who had expected an August release for the top-selling smartphone.In a note today, Munster wrote that October is more probable after chipmaker Qualcomm Inc. announced it is having trouble meeting demand
TechnologyApril 20, 2012
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LG Chem posts W5.75tr in sale in Q1
LG Chem on Thursday posted 5.75 trillion won ($5.05 billion) in sales and 459 billion won in operating profit for the first quarter, indicating that the slowing demand in China has contributed to the loss of sales.The firm said its sales grew 2.8 percent compared to the final quarter of last year, but its operating profit figure was down 8.2 percent during the same period.However, its net profit during January to March amounted to 380 billion won, a slight rise of 1 percent compared to the previ
IndustryApril 19, 2012
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Open bidding plan for new KTX line unveiled
The Ministry of Land, Transport and Maritime Affairs announced on Thursday a formal open bidding document for a new KTX line, whose route involves Suseo, rekindling disputes over the privatization of the bullet train system. The plan confirmed the government’s resolve to allow private companies to run part of the train network. Opposition parties and civic groups, however, protested that the move is a step toward the privatization of KTX, which will lead to higher rates. The Suseo route of the K
April 19, 2012
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Retail chains to open earlier
South Korea’s large retail chains are starting their business earlier to minimize the expected decline in revenues due to the new regulations that govern business hours. Homeplus, one of the biggest retail chains here, said it has adjusted the opening time from 10 a.m. to 9 a.m. for its 22 branches across the nation.Other retailers such as Emart and Lotte Mart are reportedly moving in the same direction, starting their business 30 minutes or 1 hour earlier. The move came as the retailers face a
IndustryApril 19, 2012
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SKT named best telecom in Asia
SK Telecom was named Asia’s best mobile carrier at the Telecom Asia Awards in Bangkok on Wednesday. Its quick adoption of the fourth-generation Long Term Evolution network service was among the attributes that garnered positive reviews, the nation’s top telecom company said. SKT, which started the high-speed mobile service first in Korea in July, saw its LTE user number surpass the 1 million mark in Jan. 31, faster than in other countries, the company said. The company’s other unique technologie
IndustryApril 19, 2012
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Korea, U.S. close to deal on Iranian oil imports: minister
WASHINGTON (Yonhap News) ― South Korean Finance Minister Bahk Jae-wan said Wednesday that his country is nearing a deal with the United States on crude oil imports from Iran.“In general, consultations are proceeding smoothly. So, I don’t think there will be a big problem,” Bahk told reporters here. He arrived in Washington earlier in the day to attend a gathering of G-20 finance ministers and the spring meetings of the International Monetary Fund and the World Bank.Seoul is seeking a waiver from
April 19, 2012
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DSME’s new CEO stresses communication
Daewoo Shipbuilding and Marine Engineering Co.’s new chief executive Ko Jae-ho has been emphasizing substance in business and better communication with employees since taking office early this month. Ko recently paid a visit to the company’s shipyard in Okpo on the southern island of Geoje to observe the ongoing construction of the CLOV floating production storage and offloading unit.Daewoo Shipbuilding won the CLOV FPSO order worth 2.15 trillion won ($1.88 billion) from French oil and gas compa
IndustryApril 19, 2012
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Citroen reenters Korean market
French automaker Citroen resumed sales in the local market on Thursday after a decade-long hiatus.The company under the wing of PSA Peugeot-Citroen unveiled the DS3, a premium hatchback, in Seoul on Thursday. Hanbul Motors Corp. will take on imports of the French cars.Citroen aims to sell up to 2,500 cars per annum in Korea, Eric Dumondelle, chief of the company’s Asia Pacific division told The Korea Herald.“We at Citroen have a new logo, new technology and it was the right time (to come back) i
MobilityApril 19, 2012
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New Santa Fe aims to be best-seller
Hyundai Motor Co., Korea’s No. 1 carmaker, has launched the third-generation Santa Fe in the local market.During an unveiling event in Incheon on Thursday, the company said it aims to sell 42,000 units of the New Santa Fe at home and 110,000 units in the overseas market this year. The automaker has also set the sales target of 385,000 units for next year ― 50,000 for domestic and 335,000 for overseas consumers.“The Santa Fe holds significant meaning for the local sport utility vehicle market and
MobilityApril 19, 2012